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Rally Failure


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#1 ZIDANE

ZIDANE

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Posted 03 August 2007 - 02:38 PM

As expected, the bounce near Nasdaq 2500 (2516 to be exact) produced little traction for da bullz. The best they could muster was 60 relief-rally points. Next week we head to lower lows, and perhaps da bullz can try to rally one more time near 2500. That attempt will also fail and we will head down to yet more lows. Just as all dips were buying oppurtunities on the way up, rallies are selling oppurtunities. I see almost no chance for a real bottom until at least 2362. :bear: :bear: :bear: